Humboldt council approves budget
HUMBOLDT – The Humboldt City Council approved the fiscal year 2014- 2015 budget Monday.
The most significant change is the seal coating of several streets – estimated to cost no more than $1.2 million, said City Administrator Aaron Burnett.
The project will add $1.20 per $1,000 assessed value to the city’s property tax levy.
There will also be a 50-cent increase in the garbage pickup.
“That is just to keep up with the cost; over time we haven’t increased that account in many years,” Burnett said. “The recycling truck will be the biggest single vehicle purchase, almost $200,000,” he said.
The total revenue budgeted would be $12,633,686 and the total expenditures and transfers out would be $13,366,420, according to City Clerk Gloria Christensen.
“The total levy is $17.44 per thousand,” she said.
The ending fund balance June 30, 2015, is estimated to be $3,931,180, which is down from the 2014 ending fund balance, estimated to be $4,663,914.
The budget includes a 3 percent salary increase for non-union employees and a 2 percent increase for union employees.
In other business the council awarded the contract for the Sumner Avenue Bridge replacement to Gobersen-Smith Construction, of Ida Grove.
Their bid of approximately $2 million was the lowest of four received at an Iowa Department of Transportation bid letting last month.
The bid is about 12 percent more than the engineer’s cost estimate. The project has been awarded a federal grant.